I’m looking for ideas on things that hold their value long-term. This isn’t about getting rich, but more about preserving what I already have. I’d love suggestions on physical things that don’t lose value quickly.
I’m not talking about stuff like houses because those are out of reach for most people on a regular salary. Things like gold or collectibles come to mind, but I want to hear your thoughts.
UPDATE: Thanks, everyone! These responses are super helpful. I appreciate how honest and thoughtful this forum is. Definitely giving me a lot to think about.
Devin said:
Instead of just asking what keeps value, think about things that are both useful and can retain value when resold. That’s where the sweet spot is.
Can you give examples? Most useful things seem to wear out, and collectibles that gain value aren’t exactly practical.
@Morgan
Certain vehicles, especially classic ones, can hold their value if maintained well. Also, in collectibles, focus on the ‘holy grail’ items. For example, the first issue of Action Comics will always have demand, but most other issues won’t.